Mumbai, May 13 — The benchmark index of Bombay Stock Exchange on Wednesday spurted by 1,474 pts to open at 32,841.87 following an announcement of a Rs 20-trillion stimulus package by the PM Narendra Modi to start the battered economy.
The nifty of national stock exchange too jumped by 388 pts to 9,584.20.The nifty registered intraday high and low at 9,589.50 and 9,387.75 pts, respectively.The Sensex registered intraday high and low at 32,845.48 and 32,110.55 pts, respectively.The sectoral indices include, Bankex, Capital Goods, Finance, Industrials and Materials boosted the market.In scrips, ICICI Bank, L& T, HeroMoto corp, Axis Bank and Bajaj Finance surged.In 30 scrips, 26 advanced and 4 declined.Maruti Suzuki India gained 6 per cent ahead of its March quarter results.Vedanta hit 10 per cent upper circuit after promoter Anil Agarwal announced intention to take the firm private by buying out shares held by the public.Maruti Suzuki and nine other firms are slated to report their March quarter results today. India’s largest carmaker’s profit could fall up to 40 per cent on a year-on-year basis, while revenue decline could be in early teens, led largely by sharp fall in volumes.For any query with respect to this article or any other content requirement, please contact Editor at contentservices@htlive.com
India Blooms
